North America

The Federal Aviation Administration finalized on Friday a rule that will require cockpit voice recorders in all new passenger aircrafts to retain 25 hours of data by 2027, compared to the current 2-hour loop. Since 2018, the National Transportation Safety Board (NTSB) has been advocating for the change. The United States, however, is lagging behind many other countries in terms of the requirements for commercial planes. The voice recorder records transmissions, sounds and voices in the cockpit. This includes the pilots' and engine noises. It can be vital in determining why plane crashes happen. The FAA rule that was proposed...

Asia's premier aerospace event will feature planes, weapons and parts as the industry struggles to balance increasing demand for air travel while juggling geopolitical issues and chronic supply shortages. The biennial Singapore Airshow is next week as the Southeast Asian city state and its neighbouring countries consider China's continued build-up of arms in the region, while also looking over their shoulders at an increasingly isolationist United States. The Royal Australian Air Force's Lockheed Martin F-35 jet fighters will make their show debut as Singapore awaits the first deliveries. However, some analysts question how much damage has been done to the...

Donald Trump announced on Thursday that the U.S. was decertifying Bombardier Global Express jets, and threatened to impose 50% tariffs on imports of other aircraft manufactured in?Canada?until it certified a number planes produced by U.S. competitor Gulfstream. In a Truth Social post, Trump stated that Canada effectively prohibited the sale of Gulfstream Products in Canada by using this same certification process. If this situation does not change immediately, I will charge Canada a tariff of 50% on all aircraft that are sold to the United States of America. Airbus A220 commercial aircraft made in Canada and Bombardier Global Express were...

Major U.S. Airlines on Thursday urged Congress to pay air-traffic controllers in the case of a partial shutdown. The?industry was severely disrupted during a 43 day standoff last year. A dispute over Homeland Security could lead to a partial government shutdown in the United States as early as Saturday. "Congress must understand the real-world consequences that will impact the American people if planes are unable to fly because of a shutdown," said Airlines for America, a group representing American Airlines, Delta Air Lines, United Airlines. Southwest Airlines and other major carriers. As we saw three month ago, shutdowns put significant...

American Airlines announced on Thursday that it will resume flights? daily? Service to Venezuela is subject to government approval and security assessments. This comes just weeks after the U.S. military captured Venezuela's leader. After a meeting with Delcy Rodriquez, the acting president of the United States, Donald Trump asked the Transportation Department on Thursday to lift the restrictions currently preventing U.S. flights. Trump stated that "American citizens can go to Venezuela very soon, and will be safe." American has suspended its service in 2019 following the U.S. ban on flights. The United States attacked Venezuela earlier this month and captured...

Air India announced on Thursday that it has ordered 30 Boeing narrowbody jets and converted a part of its A321neo A321XLR order with Airbus into 15 long-range A321XLR aircraft, adding momentum to Air India's turnaround effort. The announcement at India's Civil Air Show in Hyderabad is an unusual bright spot for?the formerly state-owned carrier, which has been under regulatory scrutiny since a deadly crash occurred last year?and after a series of safety lapses. Air India has ordered 20 737 MAX 8, and 10 737 MAX 10, from Boeing. This brings its total order with the U.S. planemaker to 250. Boeing...

EasyJet held discussions with Elon Musk’s Starlink to offer on-board Wi Fi, but the economics don't?stack-up?for British budget airline, Kenton Jarvis stated on Thursday. These comments follow a spat on social media between Musk and Ryanair's?Michael O'Leary in this month, over the cost to install?Starlink's WiFi service. O'Leary said that the fuel drag caused by 'Wi-Fi antennae' on planes would cost around $200 million per annum, and that only a few budget travellers were 'willing' to pay for the service. Jarvis said that "at the moment...where we are in our discussions with Starlink, economics don't quite work for us", though...

Wizz Air reported on Thursday a "third-quarter" operating loss that was in line with its expectations. This comes after it raised its capacity forecast earlier this week on the backs of additional Airbus deliveries as well as the return of previously ground aircraft. Shares and profits of the airline have been pressured by problems with Pratt & Whitney engines owned by RTX, and conflicts in the 'Middle East and Eastern Europe. In a press release, Chief Executive Jozsef Vasradi stated that "we are slowly recovering from the engine related aircraft grounding" and that in the next fiscal year we will...

EasyJet, a British budget airline, said that summer bookings are increasing, despite the fact that it reported an increased first-quarter loss, mainly due to expansion costs and lower winter prices. The company stated that the "traditionally busy January booking period" saw record numbers in terms of both revenue and volume, as bookings for summer 2026 continue to build. Winter is usually the slowest time for airlines. They rely on the spring and summer season to boost their earnings. EasyJet has reported an operating loss of 76 millions pounds ($105million) for the three-month period ending December 31 compared to a 40...

Aviation Capital Group (ACG), after receiving a large Boeing order recently, plans to continue?expanding. Its chief executive believes it is "critically important"?to remain among the top 10 aircraft lessees in the world as the industry consolidates. ACG ordered 50 Boeing MAX aircraft this month, evenly split between the 737-8 variant and 737-10. This deal brings the total number of aircraft that ACG owns, manages or has ordered to over 500. The lessor now has the largest order of MAX 10s. "I believe what you are seeing now is a much different ACG from the past, and that's because the industry...

Airbus announced on Thursday that it expects Indian airlines to triple the size of their fleets, to 2,250 aircraft, over the next decade. This is due to a resilient economic growth and an expanding middle class, as well as a surge in first-time flyers. Boeing's Wednesday outlook for India and South Asia projected that the airlines in this region, which is a major battleground between Airbus and Boeing, will require 3,300 new planes by 2044. IndiGo and Air India, the two largest domestic carriers in India, are closely watching the regional forecasts of the aircraft manufacturers. India is the world’s?third...

Southwest Airlines on Wednesday forecast a stronger-than-expected profit in ?2026 and signaled a solid start to the year despite U.S. winter storm disruptions, saying ?an ?overhaul of its business model was beginning to gain traction. The airline has shifted away from its old practices, such as unassigned seats and free checked baggage, and said that it is benefiting from more customer-focused offers, reliable operations, and early positive results of the changes it implemented last year. Southwest is expecting a profit adjusted of at least $4.00 per share. Analysts' expectations average $3.19. Analysts had predicted a profit of 33 cents per...

Futures tied to Canada's major stock index rose Thursday as precious metals continued their rally,?oil climbed on geopolitical worries, and investors assessed the Big?Tech reports from the U.S. As of 6:05 a.m., March futures based on Toronto's TSX Composite Index (S&P/TSX) were up 0.3%. ET. Gold spot gained 1.4% and briefly hovered near $5,600 an ounce. This was due to the demand for safe havens amid continued geopolitical unrest and concern over the autonomy of the U.S. Federal Reserve. The U.S. Dollar's decline?slowed on Thursday but it remained near multi-year lows. Silver prices remained stable, but copper and other metals...

Norfolk Southern announced a higher profit for the fourth quarter on Thursday due to cost control. This was despite uneven freight demand, and a persistent macroeconomic stress. The results come after the U.S. Surface?Transportation?Board earlier this month returned Union Pacific's $85 billion merger proposal with the company to be revised. Surface Transportation Board has deemed Union Pacific's December merger application incomplete. However, Jim Vena, the CEO of Union Pacific, said that the request was routine and the deal is still on schedule to close in the first half of 2027. Norfolk stated in October that it anticipated future top-line fluctuations...

C.H. Robinson's fourth-quarter profit was above Wall Street expectations on Wednesday as cost control helped the global freight forwarder to mitigate the impact of a weak demand in a challenging international trade environment. In aftermarket trading, shares of?the company? rose 6.3%. The largest U.S. Freight Broker reported a 5% drop in operating costs for the quarter. Personnel expenses, other selling, administrative and general costs all fell by about?5%. The average number of employees fell by 12.9% during the fourth quarter. C.H. Robinson has increasingly used artificial intelligence to streamline operations and reduce manual processes. This shift is occurring as the...

The futures for Canada's main index of stocks rose on Wednesday, as gold prices reached a new high. Investors awaited the interest rate decisions that would be made by the U.S. Federal Reserve later in the day. As of 5:41 a.m., March futures for Toronto's S&P/TSX composite index were up 0.16%. ET. Spot gold rose 1.6% and briefly surpassed $5,300 an ounce as the U.S. Dollar sank to four-year lows before stabilizing after President Donald Trump dismissed January's decline. At its next policy meeting, the Fed is expected to?keep rates unchanged. However, the decision will likely be overshadowed due to...

Gatik announced on Tuesday that it had secured $600,000,000?in contract revenue and has deployed 'fully driverless trucks' for commercial operations. This highlights the ambitions of the autonomous trucking company to gain a foothold in the market. The heavy regulatory scrutiny surrounding safety has made the commercialization of autonomous vehicles a challenge. However, advances in artificial intelligent have helped many firms improve their technology. Gautam Nang, CEO and founder of Gatik, said: "Today we operate fully driverless trucks across multiple logistic networks and markets. We serve the largest retailers and CPG firms in the country." Gatik's trucks operate nearly?24-hours a day....

United Parcel Service, the largest package delivery company in the world, announced on Tuesday that it will close 24 additional facilities and eliminate up to 30,000 positions by 2026. This is due to its ongoing shift towards a'more profitable business. In midday trading, shares of the company rose 4%. The company also announced fourth quarter results that exceeded Wall Street expectations and forecasted a surprise increase in annual revenue. FedEx shares gained 2.6%. Carol Tome, CEO of the company, said in a conference with analysts that the company plans to reduce Amazon deliveries. "We are now in the last six...

Union Pacific, the U.S. railroad, reported results for its fourth quarter that were below analyst estimates on Tuesday. This was due to a 'volatile freight market and macroeconomic pressures', which strained its operations. Last year, the?company unveiled an A $85 billion acquisition bid It will create the nation's first coast-tocoast freight railroad. Rail unions have been vocal in their opposition to the merger, claiming that it could threaten jobs and raise costs for shippers. The U.S. Surface Transportation Board returned the proposal for revision in early?this week, citing that it was missing information. It also applied tougher competition rules after...

The U.S. Surface Transportation Board sent Union Pacific's $85 billion merger proposal with Norfolk Southern back to be revised on Friday, saying that it was missing required information. This is part of an ongoing review by the U.S. The STB rejected the application in December, citing a lack of projections on market share and competition impacts. The board denied the application without prejudice and allowed the railroads to re-file once they addressed the deficiencies. Donald Trump publicly supported the merger proposal. The administration tends to 'approve large transactions or impose remedy rather than blocking them outright. A merger of this...

J.B. Hunt Transport Services, a U.S. trucking company, reported an increased profit for the fourth quarter on Thursday. This was largely due to a strong shipping demand during peak season and efforts made by all departments to reduce costs. As volumes increase, carriers add seasonal surcharges. The company is pursuing cost reductions in order to increase efficiency. This is because the trucking industry has been experiencing a downturn for'more than three years, marked by excessive capacity and seasonal volume increases, which have kept rates low. The expectation of a U.S. trucking market turnaround in 2026 is gaining momentum. This is...

PlusAI, the self-driving vehicle startup, announced on Monday that it would launch Southern Europe's very first program to test heavy-duty autonomous vehicles. It will also expand its partnership with Iveco Group and brand IVECO. Two IVECO S-Way truck equipped with PlusAI’s Level 4 autonomous driving.system will be tested on a 300-km route between.Madrid.and Zaragoza in 2026. A safety operator will also be onboard. Trials will be conducted with Spanish logistics operator Sese, and the regional government of Aragon. PlusAI in Silicon Valley, with offices in Europe and America, has been working with Iveco on joint research and tests for many...

Ziad El Chaar, CEO of Saudi real estate developer Dar Global, announced on Sunday that two Trump-branded luxury projects will be launched in Riyadh (Saudi Arabia) and Jeddah (Jordan). Chaar said that the projects include the Trump National Golf Course in Riyadh and the Trump International Hotel at Diriyah. This is a massive project located on the western edge of the Saudi capital. Chaar said that a mixed-use development called Trump Plaza is planned for Jeddah. Chaar stated that the projects were in line with Saudi Arabia's Vision 2030, which aims to diversify its economy and move away from oil....

Aluminum consumers in the United States pay record prices. These are significantly higher than the import levies, transport costs, and other factors would suggest. This is because tight supplies globally exacerbate the impact of the tariffs, and the low U.S. inventory. Aluminium is needed by industries like automotive, aerospace and packaging. Aluminum prices can have a knock-on effect on the economy, as they increase manufacturing costs, squeeze margins, and eventually drive inflation. In June, President Donald Trump increased tariffs on U.S. aluminum imports from 25% to 50% to encourage local production. Aluminium?costs have increased by 40% for U.S. customers since...